Polyetherimide Market size worth over $800 mn by 2025

Polyetherimide Marketsize is set to surpass USD 800 million by 2025; according to a new research report by Global Market Insights, Inc.

Growing awareness for manufacturing safe products and changing environmental regulations would propel polyetherimide Market growth. PEI emits less smoke when it is exposed to open flame owing to which its demand has increased in several industries including automotive, electrical & electronics, and aerospace.

The product due to its high strength and dimensional stability is used in building applications. Global construction industry is estimated to grow at 4.5% by 2023 due to escalating economic growth in India and China. This will enhance polyetherimide industry growth.

Ultem resins by SABIC meets the standards set by FDA, ISO, and USP Class VI making it suitable for its utilization in healthcare industry. Global healthcare industry is estimated to grow at 6% by 2022, hence propelling PEI demand.

U.S. polyetherimide market size may register significant gains over 5% by 2025. PEI is utilized in petroleum operations as it is thermal and chemical resistant. Rising shale gas production in the country will foster PEI demand.

Global carbon fiber reinforced polyetherimide industry size may witness significant gains over 5% up to 2025. The product is utilized to manufacture aircraft components including aileron ribs due to its increased strength and stiffness. Global commercial aircraft industry is estimated to grow at 2.5% by 2025 owing to rising air travel affluence hence, fostering PEI demand.

China polyetherimide market size may witness significant over 5.5% at the end of 2025. The product being food contact acceptable and chemical resistant is widely utilized in kitchenware and appliances. Growing consumer awareness and standard of living in the country will promote PEI demand.

Global PEI market size from granule form is anticipated to surpass USD 450 million by 2025. The product being eco-compliant and fit for food contact applications is utilized in food & beverage packaging industry. Global packaged food industry is estimated to grow at 4.5% by 2020 due to rising demand of ready-to-cook foodstuff. This factor will enhance the industry growth.

Global polyetherimide industry size from automotive application is anticipated to surpass USD 290 million by 2025. Growing PEI demand in automotive components including gears, interiors, bumpers, and fuel systems owing to its low cost and light weight as compared to metals including aluminum will foster PEI demand.

Polyetherimide (PEI) Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2014 to 2025, for the following segments:

Polyetherimide Market, By Grade

Unreinforced

Reinforced

Glass Fiber

Carbon Fiber

Polyetherimide (PEI) Market, By Form

Sheet

Rod

Granule

Film

Polyetherimide Market, By Application

Automotive

Under hood components

Automotive Interior

Fuel systems

Bumper

Aerospace

Interiors

Antenna Construction

Electronics

Semi-Conductors

Switches

Coils & Fuses

Pharmaceutical

Surgical Probes

Fixtures

Industrial

Fluid Handling

Oil & Gas

Telecom & Communication

Marine Cleats

Consumer

Appliances

Kitchenware

Food

The above information is provided on a regional and country basis for the following: